Yes agree penny....lots of good stuff in the 10-K....$STAL....
On November 22, 2021, a binding Letter of Intent was signed for the acquisition of 49% of “Genesis”. Genesis is a patented technology for extracting gold from Oxide and other complex ore, in a sustainable method, that also yields a vastly improved recovery rate even where the presence of gold is as little as 0.25 parts per million. This is a clean, green and ecofriendly method with up to a 98% recovery rate. This project will be owned by a newly formed wholly owned subsidiary of Star Alliance International Corp. Since the original letter of Intent was signed the terms have now been renegotiated and Star’s new subsidiary will acquire 51% of Genesis. This is expected to close early in 2023.
On December 17, 2021, the Company agreed to purchase 51% of Compania Minera Metalurgica Centro Americana (“Commsa”), a Honduran Corporation. Commsa owns the mining rights to five operating mines that run along a 12.5 mile stretch of the Rio Jalan River. This acquisition becomes effective in January 2022. The Company has issued to date 250,000 shares of Common stock and paid $75,000 towards the purchase price.
On May 9, 2022, a binding letter of intent was signed for the acquisition of 51% of NSM USA, a Wyoming corporation that owns 100% of four lithium mines in West Africa. The cost of these mines is $2 million most of which is to be used for the growth of the four mines. These mines that are already producing small amounts of Lithium will be greatly expanded with the purchase of equipment. This transaction is due to close early 2023 with full production expected in the second quarter of 2023.
On May 11, 2022, a binding letter of intent was signed for the acquisition of 51% of NGM USA, a Wyoming corporation that owns 100% of three gold mines in West Africa. The cost of this acquisition is $2 million, most of which will be used for equipment and growth of the mines. This transaction is due to close early 2023. All exploration work has been completed and production is anticipated to start in the second quarter of 2023.
On May 23, 2022, a binding letter of intent was signed for the acquisition of 75% of Magma International Inc. (“MII”). This acquisition for stock and cash will result in MII owning the Intellectual property, Building, equipment and significant inventory as well as the know how to produce Barotex. Mr. Lilo Benzicron the original inventor of this product will join Barotex as CEO and will be driving the innovation of new products for MII. This transaction is expected to close early 2023.
